UNSPECIFIED (1993) THE PROVISION OF INFORMATION IN A BERTRAND OLIGOPOLY. JOURNAL OF INDUSTRIAL ECONOMICS, 41 (1). pp. 61-76. ISSN 0022-1821

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Abstract

A 2-stage model of a homogeneous good oligopoly is constructed which is composed of a first stage determining (costless) information provision to consumers and then a second stage of price setting. A perfect equilibrium is found which is characterised by less than full information and by positive expected profits. An alternative interpretation of the model is of firms deciding the proportion of contracts to tender for and then the prices at which the tenders will be made.

Item Type:	Journal Article
Subjects:	H Social Sciences > HG Finance H Social Sciences > HC Economic History and Conditions
Journal or Publication Title:	JOURNAL OF INDUSTRIAL ECONOMICS
Publisher:	BLACKWELL PUBL LTD
ISSN:	0022-1821
Date:	March 1993
Volume:	41
Number:	1
Number of Pages:	16
Page Range:	pp. 61-76
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/21525

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